REG - Hon Hai Prec.Ind.Co - Subsidiary, disposal of land use rights & building

Hon Hai Precision Industry CoAnnouncement

02/11/2022 12:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221102:nRSB0944Fa&default-theme=true

RNS Number : 0944F  Hon Hai Precision Industry Co Ld  02 November 2022

Subject:Subsidiary, Honxun Electrical Industry (HangZhou) Co., Ltd. disposal
of land use rights and building

Contents:

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):

Nos. 58, 58-2,58-3 and M14-11-10, 11th Avenue, Hangzhou Economic and
Technological Development Zone, Hangzhou, Zhejiang Province, the PRC:Land,
buildings, decorations, and accessories

2.Date of occurrence of the event:2022/11/02

3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit
price, and total transaction price:

Transaction unit amount:212,009.00 square meters(about 318 acres) of land,
114,012.93 square

meters of buildings, decorations, and accessories

total transaction price: RMB 656,397,411.00 (Including compensation for staff
relocation and the losses consequential to removal and cessation of production
and operations)

4.Trading counterparty and its relationship with the Company (if the trading
counterparty is a natural person and furthermore is not a related party of the
Company, the name of the trading counterparty is not required to be
disclosed):The Headquarters for the Development of the Dongbuwan New District
in Hangzhou; None

5.Where the trading counterparty is a related party, announcement shall also
be made of the reason for choosing the related party as trading counterparty
and the identity of the previous owner, its relationship with the Company and
the trading counterparty, and the previous date and monetary amount of
transfer: NA

6.Where an owner of the underlying assets within the past five years has been
a related party of the Company, the announcement shall also include the date
and price of acquisition and disposal by the related party, and its
relationship with the Company at the time of the transaction: NA

7.Projected gain (or loss) through disposal (not applicable for acquisition of
assets; those with deferral should provide a table explaining recognition):RMB
480,135,145

8.Terms of delivery or payment (including payment period and monetary amount),
restrictive covenants in the contract, and other important terms and
conditions:According to the contract

9.The manner of deciding on this transaction (such as invitation to tender,
price comparison, or price negotiation), the reference basis for the decision
on price, and the decision-making unit: Negotiated;market price;the Board of
Directors

10.Name of the professional appraisal firm or company and its appraisal price:

BMI APPRAISALS LIMITED:RMB 455,800,000.00

hejiang Zhetianyun Asstes Appraisal Co., LTD:RMB 488,238,513.00

11.Name of the professional appraiser:

BMI APPRAISALS LIMITED: Chen Yongfen

hejiang Zhetianyun Asstes Appraisal Co., LTD: Du Yingjun/Cen Chao

12.Practice certificate number of the professional appraiser:

Chen Yongfen:0836303

Du Yingjun:33180079/Cen Chao:33170038

13.The appraisal report has a limited price, specific price, or special
price:NA

14.An appraisal report has not yet been obtained:NA

15.Reason for an appraisal report not being obtained:NA

16.Reason for any significant discrepancy with the appraisal reports and
opinion of the CPA:NA

17.Name of the CPA firm:NA

18.Name of the CPA:NA

19.Practice certificate number of the CPA:NA

20.Broker and broker's fee:None

21.Concrete purpose or use of the acquisition or disposal: Cooperate with the
PRC government plan regarding an urban organic update

22.Any dissenting opinions of directors to the present transaction: None

23.Whether the counterparty of the current transaction is a related party: No

24.Date of the board of directors resolution: NA

25.Date of ratification by supervisors or approval by the audit committee: NA

26.The transaction is to acquire a real property or right-of-use asset from a
related party: NA

27.The price assessed in accordance with the Article 16 of the Regulations
Governing the cquisition and Disposal of Assets by Public Companies: NA

28.Where the above assessed price is lower than the transaction price, the
price assessed in accordance with the Article 17 of the same regulations: NA

29.Any other matters that need to be specified: None

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCEAFFAESNAFFA